1065 Federal tab

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Use this tab to enter interest rates and setup information for the UltraTax/1065 federal application. From this dialog, you can open other windows and dialogs to modify default client documents, set invoice prices, modify the default print collations for input screens and returns, modify watch fields, modify default complexity values, and enter more 1065-specific information.

To open this tab, choose Setup > 1065 Partnership, and click the Federal tab.

Note: Depending on your security configuration, you might be prompted to enter the master password before you can open any entity type's tab.

Fields & buttons

Interest rates group box

The known rates are displayed. To change the rate for any of the displayed periods, click the appropriate field, and enter the new rate as a whole number. For example, enter 11 for 11 percent.

Document format group box

Click this option to have UltraTax CS print a transmittal letter and separate filing instructions for each federal and state return for each client. Note that this option is marked by default.

Notes

  • To combine the transmittal letter and all filing instructions (federal and state) into one document in letter format, click the Combine Transmittal Letter and Filing Instructions in letter format option.
  • To print a separate transmittal letter, but combine the federal and state filing instructions, click the Separate Transmittal Letter, but combine federal and state Filing Instructions option.

By default, UltraTax CS prints a transmittal letter for each client and separate filing instructions for each federal and state return. Click this option to have UltraTax CS print a separate transmittal letter but combine the federal and state filing instructions into one document for each client.

Notes

  • If you click this option, an Instructions Insert button replaces the Filing Instructions button in all state tabs, which you can click to view or edit the state's filing instructions.
  • The state filing instructions are included in the combined filing instructions at print time but are represented only by a [State Instructions Insert] variable when you click the Filing Instructions button in the Federal tab. You must use the Instructions Insert button in the state tabs to view or edit the state instructions before printing.

By default, UltraTax CS prints a transmittal letter for each client and separate filing instructions for each federal and state return. Click this option to have UltraTax CS combine the transmittal letter and all filing instructions (federal and state) into one document in letter format for each client.

Notes

  • If you click this option, the Filing Instructions button in the Federal tab is not enabled because the federal filing instructions will be included in the transmittal letter. Click the Letters & Emails button to view or edit the federal filing instructions that are contained within the letter.
  • If you click this option, a Letter Insert button replaces the Filing Instructions button in all state tabs, which you can click to view or edit the state's filing instructions.
  • The state filing instructions are included in the combined transmittal letter at print time but are represented only by a [State Instructions Insert] variable when you click the Letters & Emails button in the Federal tab. You must use the Letter Insert button in the state tabs to view or edit the state instructions before printing.

Additional information group box

Click this button to open the New Client Options dialog to set various return presentation, rounding, and other options that will apply to new 1065 clients.

Click this button to open the Other Return Options dialog to enter consent information and set return presentation, proforma, rounding, client document, and other options that apply to all 1065 clients.

Documents group box

Click this button to open the Letters & Emails dialog from which you can open the Document Editing window. In the Letters tab, you can add up to five new transmittal letters or edit the transmittal letters provided with this application.

Click this button to open the Filing Instructions dialog from which you can open the Document Editing window. In this window, you can edit the filing instructions provided with this application.

Notes

  • This button is not enabled if you clicked the Combine Transmittal Letter and Filing Instructions in letter format option in the Document Format group box in the Product Information tab.
  • You cannot create new filing instructions, but you can modify the filing instructions provided with UltraTax CS.

Click this button to open either the Invoices dialog or the Invoice Pricing dialog. From the Invoices dialog, you can open the Document Editing window. In the Document Editing window, you can create up to five additional invoices for each application, edit the invoice provided with this application, and choose invoice formatting options. In the Invoice Pricing dialog, you can enter the amount to charge per form or item for this application.

Note: To override the prices that you set in the Invoice Pricing dialog on a client-by-client basis, with the client open choose View > View/Customize Invoice.

Click this button to open the Elections dialog from which you can open the Document Editing window. In this window, you can edit the tax elections provided with this application or add additional elections.

Click this button to open the Slipsheets dialog from which you can open the Document Editing window. In this window, you can edit the slipsheets provided with this application.

Collation group box

Click this button to open either the Input Screen Printing dialog or the Data Entry Display dialog. You can use the Input Screen Printing dialog to change the default print conditions of this application's input screens and the Data Entry Display dialog to configure the order and visibility of input screens and folders for a specific entity.

Note: To override the collation set in the Input Screen Printing dialog on a client-by-client basis, choose File > Print Input Screens and click the Options button.

Click this button to open the Return Collation dialog to change the default print collations for returns processed with this application.

Note: To override the collation set in the Return Collation dialog on a client-by-client basis, choose File > Print Returns and click the Options button.

Other group box

Click this button to open the Watch Fields dialog to modify or remove existing watch fields or their descriptions. You can also restore the default watch fields and descriptions using the Watch Fields dialog.

Note: You cannot add new watch fields using the Watch Fields dialog. To add new watch fields, right-click the desired field in Form view, and choose Watch Field from the context menu.

Click this button to open the Client Complexity dialog to modify the default complexity values for all clients for both the installed returns and products and the federal input screens. You can also use this dialog to restore the default complexity values or print a report of the entered complexity values.

Note: You can define a client-specific complexity value to be added to the calculated value based on amounts that you set in the Client Complexity dialog or override the calculated complexity value on a client-by-client basis in Screen 1065 in the General folder.

Related topics

Product Information dialog

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